Friday, 11 October 2002

DONORS PLEDGE $700 MILLION FOR KYRGYZSTAN

Published in News Digest

By empty (10/11/2002 issue of the CACI Analyst)

The third international donors' conference in Bishkek has resulted in pledges of loans and grants worth $700 million for the period 2003-05. Approximately half that sum is earmarked for Kyrgyzstan's poverty-reduction program. Expressing his appreciation, President Askar Akaev said that sum "surpasses all expectations.
The third international donors' conference in Bishkek has resulted in pledges of loans and grants worth $700 million for the period 2003-05. Approximately half that sum is earmarked for Kyrgyzstan's poverty-reduction program. Expressing his appreciation, President Askar Akaev said that sum "surpasses all expectations." He predicted that the financial assistance will enable his country to achieve annual GDP growth of 7 percent over the next three years, rather than 5 percent as originally planned. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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